Blog Profile / Greg Mankiw's Blog

Filed Under:Business & Finance / Economics
Posts on Regator:2402
Posts / Week:6.8
Archived Since:June 7, 2008

Blog Post Archive

The Lee-Rubio Tax Reform

Senators Mike Lee and Marco Rubio announced a bold and attractive tax plan today. I especially appreciate their desire to eliminate the current tax code's bias for debt over equity finance.

No Way to Avoid It

In my column on dynamic scoring, I wrote: [A]ccurate dynamic scoring requires more information than congressional proposals typically provide. For example, if a member of Congress proposes a tax cut, a key issue in estimating its effect is how future Congresses will respond to the reduced revenue. Show More Summary

On Dynamic Scoring

Click here to read my column in Sunday's New York Times.

Sentence of the Day

"genetic differences explained roughly 33% of the variations in individual savings rates."Read more here.

What matters more--the productivity slowdown or the inequality increase?

The Economic Report of the President was released today. A friend draws my attention to Table 1-3 on page 34, which presents several historical counterfactuals. It finds: 1. If productivity growth had not slowed after 1973, the median household would have $30,000 of additional income today.2. Show More Summary

Nobel Prize for Sale

I don't know the story behind this, but apparently a Kuznets heir is selling his Nobel Prize.

Good News

The Crimson reports on the good judgment of Harvard students:

Defending Pete Carroll

Justin Wolfers says that, by the logic of game theory, the losing Superbowl coach does not deserve all the opprobrium he has been getting. I have been thinking the same thing.

Econ Conference for Undergrads

If you are an undergraduate, this conference may be of interest.

Competition and Cooperation

A nice essay by Tim Taylor, very appropriate for introductory students.

The Rise of the Inequality Debate

Professor Lars Syll thinks I made of fool of myself in a previous post when I wondered why we have only recently started discussing income inequality so extensively, even though the increase in inequality occurred mainly between 1980 and 2000. Show More Summary

Economic Theory Summer Camp

Grad students with an interest in economic theory should click here.

History of Economics Summer Camp

Grad students with an interest in the history of economic thought should click here.

Ec 10 Guest Lectures

Above are the seven guest lecturers for ec 10 this spring. How many do you recognize? A first-class econonerd would recognize them all.

Price Theory Summer Camp

This seems like a great opportunity for econ grad students.

The One Percent, Updated

Piketty and Saez have updated their famous one-percent graph to 2013. It is above. (Click on graphic to enlarge.)One thing that commentators sometimes fail to notice is that the big increase in the one percent's income share came from 1980 to 2000. Show More Summary

The 2014 Employment Boom

Why did employment grow by about 3 million in 2014? Here is the answer from a new paper: We measure the effect of unemployment benefit duration on employment. We exploit the variation induced by the decision of Congress in December 2013 not to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Show More Summary

Lazear on Wage Stagnation

Eddie writes: The share of the private workforce employed in the BLS-defined industries “financial activities” and “hospitals” decreased by about 5% between 2010 and 2014. Jobs in these industries pay 29% and 24%, respectively, above the economy mean. Show More Summary

The Rise of Economists

Justin Wolfers documents: "in recent years around one in 100 [New York Times] articles mentions the term “economist,”...Far fewer articles mention the terms historian or psychologist, while sociologists, anthropologists and demographers rarely rate a mention."

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